How do I determine the duration of a bond

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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How do I determine the duration of a bond 

Expert Solution
Duration:

It is an object used in bond valuation to determine the sensitivity of the bond. High duration comes with high probability of interest rate risk while in lower duration there is low risk of interest rate fluctuation.

Bond Duration Calculation:

The simplest way to find the duration of a bond is by using a excel spreadsheet and a excel functions =DURATION and -MDURATION. 

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